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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (2274)	12/16/1998 9:53:00 AM
From: Narotham Reddy	Respond to of 2761

Someone going after SYNT.. Low volume, but continues to tumble. Tax-related selling will bound to put pressure on this stock for the next several days. If history repeats itself many of these fundamentally strong stocks will post sizable gains early next year. Has anyone seen the Lehman analyst raking up the Y2K issue on CNBC early in the day ? Narotham

To: Gilbert Drapeau who wrote (2274)	12/16/1998 10:45:00 AM
From: JDN	Read Replies (1) \| Respond to of 2761

Dear Gilbert: Yes, very encouraging, but that IMHO is not current news. Volume was high yesterday and appears to be starting out strong this morning with stock price dropping. That says to me in my feeble judgement that someone is selling and not to concerned about the price they are getting. Could be a fund liquidating, or could be the founder deciding to raise some cash for him or her self. We wont know for a couple of weeks unless someone has a service that gets info in "real time" and would share it with us. Has anyone contacted the company to see if they have an explanation they will share with us?? If there is bad news coming, which I sincerely doubt, the must disclose it publicly, especially when they see that it may have apparently leaked. JDN